After crashing in value a fresh wave of buying appears to be hitting the market.
rose above the $8,000 mark on Tuesday, extending a rally that has seen the digital currency more than double in value since the start of the year.
Andy Brenner at National Alliance Securities said while it wasn't possible to confirm who is behind the direct flows of who is buying bitcoin, it looked logical that Chinese investors were using the digital currency as a means to diversify. Gandham said the bitcoin price has now hit a base value and now individual stories such as Samsung and HTC phones carrying bitcoin or Amazon marketplaces accepting the digital currency is starting to take effect on consumer acceptance.
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